Extended Stay America (STAY) Tops Q2 EPS by 4c
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July 30, 2015 7:05 AM EDT
- Distribution of $0.17 per Paired Share -
CHARLOTTE, N.C.--(BUSINESS WIRE)--
Extended Stay America, Inc.s (NYSE: STAY) subsidiary, ESH Hospitality,
Inc., today announced that its Board of Directors has declared a cash
distribution of $0.15 per share for the second quarter of 2015, payable
to ESH Hospitality, Inc.s Class A and Class B common shareholders.
Additionally, the Board of Directors of Extended Stay America, Inc. has
declared a cash distribution of $0.02 per share for the second quarter
of 2015, payable to Extended Stay America, Inc.s common shareholders.
These... More
July 30, 2015 7:01 AM EDT
-RevPAR Increases 6.1%
-Net Income Increases 40.0%
-Adjusted EBITDA Increases 8.7%
-Raises 2015 Adjusted EBITDA and Net Income Guidance
CHARLOTTE, N.C.--(BUSINESS WIRE)--
Extended Stay America, Inc. (NYSE: STAY) (the Company) today announced
consolidated results for the quarter ended June 30, 2015.
Second Quarter 2015 Highlights
RevPAR grew 6.1% to $48.49
Revenue increased 5.7% to $340.3 million
Adjusted EBITDA1
increased 8.7% to $171.7 million
Hotel Operating Margin1
expanded 270 basis points to 57.1%
Net income increased 40.0%...
More
